Dedicate time to gain new knowledge and sharpen your existing skills. Running a business is a dynamic process, due to constant technological and market changes. This means one day you may be in, and the next, you may be out. It is imperative to keep up with the latest changes in the market, and this can only be done by continuous learning. Entrepreneurs such as Richard Branson have managed to stay so long in the game precisely because they have embraced lifelong learning. Richard Branson treats life as a lifelong university. Learning will keep your mind fresh; you will be able to continually create new ideas and come up with new innovative solutions for your business’ current challenges. More than anything, learning and innovation will make you an industry disruptor. It will draw attention to the cutting edge solutions that your company creates, thereby establishing you as an authority in your domain. “How can I keep learning,” you ask? Start by creating a learning schedule or blocks of time where you can read a book or learn something new in your industry. For starters, just set aside thirty to sixty minutes a day. Once you get the hang of it, you can develop it into a more rigorous routine.
You cannot give your best to something you don’t love. Remember the last time you tried to pursue something you had zero interest in? Yeah, it probably did not go too well. Passion is the most valuable currency for any successful venture. It is the driving force for every successful enterprise. Passion is what keeps you going even when faced with great obstacles. Without enthusiasm, entrepreneurship will turn into another job you do just to cover your bills. Passion ignites the fire in an entrepreneur to wake up in the morning and work hard for, and on their business. Entrepreneurship demands sacrifice and making long hours. Love for your craft will give you the zeal and the motivation to do whatever it takes to make your business successful. It will provide you with the strength to fight for your business when the tough times come — and they will surely come.
Believe in yourself! Self-doubt is a big hurdle that every successful entrepreneur has had to overcome. As human beings, we are prone to self-criticism, and this makes us disregard otherwise great ideas. Self-doubt is a limiting mindset that keeps a lot of entrepreneurs from reaching their full potential. Self-doubt is a crippling mentality that will hold you back from producing your best work. At all costs, work towards building your self-confidence and believe that you can do it. Henry Ford once said: “Whether you think you can, or you think you can’t – you’re right.” Developing self-confidence will not only help you create more freely but will also inspire confidence in your team. It will allow you to explore uncharted territory, make tough decisions, and take (the right) risks.
Tim is the head of marketing at Ahrefs and he runs a cozy little personal blog called BloggerJet, where he’s also covered tons of blogging topics related to doing smart blogger outreach, the best cheap hosting plans on the market, how much it costs to blog and more. Here’s Tim’s best business advice for aspiring entrepreneurs: “The most painful mistake that first-time entrepreneurs make is they rely on their business idea too much.” “They’re convinced that success in business is pre-determined by the awesomeness of their business idea alone. And they couldn’t be more wrong. Execution is equally (if not more) important than the actual idea. Ideation is the easy and fun part and execution is the hard and tedious one.” “That’s why people would rather put faith in their ideas than invest countless hours of work towards making it happen. Like the character of Mark Zuckerberg famously said in “The Social Network” movie: “If you guys were the inventors of Facebook, you’d have invented Facebook.”
Budding women entrepreneurs ready to start their first business need to get a few startup basics out of the way. With the basics out of the way, you begin to lay a strong foundation. Here’s what you need to get off your plate from the get go:
Just get it done. The most significant factor that distinguishes successful entrepreneurs from others is their ability to execute on their ideas. A lot of people in the world have great ideas. Some want to start a side hustle, some want to write a book, some want to build a business empire, and some want to effect change through social causes. But here is the thing: very few people get out of their heads and actually act on their ideas. Action separates the dreamers from the achievers. Do not get bogged down by the details of your entrepreneurial endeavors. Do not get stuck at the ideation stage of your business. Do not plan too much such that the plan inhibits your action. Just begin with getting things done. Make that step. The beauty of action is that you don’t need humongous, earth-shattering steps. No! Just set a small step in the right direction. A journey of a thousand miles begins with one step, so begin today.
Caroline is a writer and entrepreneur helping millennials uncover their professional purpose with stories, statistics and heart. You can find her at carolinebeaton.com, on Forbes and right here on my blog where she shares her incredible story of going from secretary to self-employed. Now, here’s her best business advice for aspiring entrepreneurs who want to start a business the right way: “The most painful mistake I see entrepreneurs make is launching before learning. For example, you may decide you want to launch a marketing consulting company, so you hastily make a website, content and reach out to people, but you haven’t yet figured out who your target clientele is. What people actually need help with or what you’re specifically good at. So no one bites.” “Or you could launch a new app, but you don’t know what sells well in the app store or how to promote it. So even though you have a great product, no one sees it. Or you decide to write a book but haven’t really spent time with the key concept—researching, talking to people—so your book proposal falls flat and feels generic. Publishers ignore it.” “This common mistake could also be framed as an inspiration/perspiration problem. We’re so inspired by the end result that we forego the process — a lot of which is hard, un-fun work. In turn, we sacrifice the best possible outcome. And this is painful because the solution is retrospectively so obvious: patience. Take time with each new idea; flesh it out; design it fully; have a plan and not just hope.”
Tomas is a lifestyle entrepreneur and blogger from Lithuania and has even dabbled in a bit of his own travel blogging over the years. He writes about habits, lifestyle design, entrepreneurship and we’ve had many conversations about managing taxes for bloggers too. Right now, he’s traveling the world with a mission to empower 1 million people to change their lifestyle for good. Here’s Tomas’ best business advice for aspiring entrepreneurs wanting to start a business today: “First, let yourself wander. Try new things, meet people outside of your comfort zone and travel.” “It will help you design your personal MBA which will teach you more than any formal setting out there. Learn to read people, master the art of communication and become comfortable with being uncomfortable. Once you figure out what drives you, use that power to help people.”
As it’s rightly said, whether you think you can or you can’t, you’re right. This is the nature of the human mind. Develop a positive attitude when going into everything. A positive attitude will help you set the atmosphere for everything you do. You will be more active in situations and not reactive. A positive outlook will help you set and influence the tone of your interactions throughout the day. What other people say about you is irrelevant. What you say to yourself about who you are and what you can do is the most important thing. A great way to change your mindset is to repeat positive and uplifting affirmations to yourself every morning. Become conscious of your thoughts and capture any negative thoughts before your mind acts on them.
One of the most important elements of a business is its website. Your website is the backbone of your business online, where your customers will gather to learn about your business, evaluate your offerings, and make purchases. If you already have a domain, which should be your business name, you may need to learn more about transferring website domain registration to your new business site. If you are starting from scratch, you can easily create a strong, high performing website using WordPress and a quality hosting provider. WordPress is an obvious choice, because almost 30 percent of the Internet runs on WordPress, and building a site using WordPress plugins is pretty simple.